Penguins estimated at 8th most valuable NHL franchise at $480 million

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The Penguins are the eighth-most valuable NHL franchise, according to rankings by Forbes magazine.

The team is valued at $480 million, fifth-highest total among clubs based in the United States.

Toronto is rated the most valuable at $1.15 billion, followed by the New York Rangers ($850 million), Montreal ($775 million), Vancouver ($700 million), and Chicago ($625 million).

Forbes says the average NHL franchise has an enterprise value of $413 million.


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